Outlook Dims for Issuance, Returns

Elaine Brennan, Roosevelt & Cross Executive Vice President, Public Finance was cited in a recent Bloomberg Daily Brief on higher interest rates prompting a recalculation of how robust the municipal bond market will be in 2022. Despite the potential for rate hikes this year, Brennan advised “local governments tend to be rate-resilient, and rates are still historically low enough for issuers to take advantage.

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